Almonty Industries Inc. is a Toronto‐based resource company focused on the acquisition, development and operation of tungsten mining projects. As a vertically integrated producer, the company’s core business centers on the extraction and processing of tungsten concentrates, a critical raw material used in the manufacture of hard metals and alloys. Through its publicly traded shares on both the TSX and OTCMKTS under the symbols AII and ALMTF respectively, Almonty provides exposure to a strategic mineral commodity with broad industrial applications.
The company’s operating portfolio includes the Sangdong project in South Korea, one of the world’s largest known tungsten deposits, which commenced commercial production in 2023. In Europe, Almonty operates the Panasqueira mine in Portugal—an established tungsten and tin producer—and the Los Santos mine in Spain, which supplies high‐quality tungsten concentrate for global markets. In North America, Almonty is advancing the Mount Pleasant development project in Colorado toward full production, positioning itself to meet growing demand in the U.S. civilian and defense sectors.
Founded in 2009 (formerly known as Day4 Energy) and renamed Almonty Industries following a strategic reorientation in 2013, the company has steadily grown through targeted acquisitions and project development. Under the leadership of Chief Executive Officer Lewis Black, Almonty emphasizes operational discipline, sustainability and engagement with local communities. The management team brings decades of experience in mining operations, project finance and global commodities marketing.
Almonty Industries serves a diversified customer base spanning Europe, Asia and North America, supplying tungsten for hard‐metal tooling, aerospace components, automotive parts and specialized electronics. With a focus on secure supply chains and high‐grade production, Almonty aims to capitalize on the increasing strategic importance of tungsten in advanced manufacturing and defense applications.
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